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Saudi Arabia records budget deficit in 3Q 2024
Total expenditure for 3Q 2024 rose 15% y-o-y to SAR 339.4 bn
Expect rate cuts around the world following this week’s US presidential elections
Central banks responsible for over a third of the global economy are expected to make their decisions, as the specter…
IMF lowers MENA growth forecast amid regional conflicts and oil cuts
The IMF revised its growth forecast for the region downward to 2.1% this year, and 4% in 2025
Google reports bumper 3Q earnings
The latest earnings show that Google’s costly AI wager has paid off, CEO says
HSBC reports strong 3Q results + plans a fresh USD 3 bn stock buyback
PLUS: Wall Street heavyweights only see one more interest rate cut by the US Fed this year
Boeing kicks off massive share sale to shore up troubled finances
The sale is one of the largest ever for a public company
Corporate market on thin ice: Record trade masks looming risks
Narrow credit spreads stoke fears of market turbulence causing a sudden repricing
Fitch trims MENA growth to 1.8% in 2024
The agency warns that the region is entering 2025 “on shaky ground”
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